Explainer: Emerging Contracting Models
Calgary-headquartered Graham Construction has put together the following explainer, to help architects and owners understand new and emerging contract models. Graham has significant experience in executing projects under these new models. Their article is intended to provide guidance in selecting the appropriate contracting model for upcoming projects.
There is currently an abundance of information in the capital project marketplace about new and emerging contract models. It may make selecting the right model for your upcoming project a challenge. Graham is therefore offering some guidance to help you determine the appropriate contracting model.
The Integrated Project Delivery (IPD) model creates a strong collaborative culture by bringing together all the components and participants of a construction project to optimize project results. It integrates a strong Lean Construction approach to deliver an increased value to the project owner. IPD uses a multi-party contract that includes the Owner, the Primary Designer, the Construction Manager, and often some of the major trade contractors. The single contract includes only one contingency, places the combined profit of all parties at risk, and provides shared savings if the Project is delivered under budget. This model has a more extensive history in the US, but is gaining ground in Canada, especially on projects where a high degree of end-user input is required in the development of the design. Examples are hospitals, pos...
_MFUENTENOTICIAS
canadian architect
_MURLDELAFUENTE
https://www.canadianarchitect.com/
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